1-What is the main factor for a company in choosing between the job order costing and process costing accounting systems? Give two likely applications of each system.

2-What purposes does a process cost summary, also called product cost report, serve?

3-Explain why equivalent units of production for both direct labor and overhead can be the same as, and why they can be different from, equivalent units for direct materials.

4-Is it possible to have under- or overapplied overhead costs in a process cost accounting system? Explain.

5-Explain why it is possible for direct labor in process operations to include the labor of employees who do not work directly on products . Hint: Are we looking at products or processes.